why did varonis stock drop

What happened Shares of Varonis Systems (VRNS -1.51%) slumped on Tuesday after the data security and analytics company reported disappointing second-quarter results. While Varonis' revenue was in line with expectations, the bottom line fell short of analyst estimates.

Full Answer

Who holds Varonis Systems (Varn) stock?

Jul 31, 2018 · The stock was down about 18.2% at 11:45 a.m. EDT. So what Varonis reported second-quarter revenue of $62.2 million, up 26% year …

What are analysts'12-month price targets for Varonis Systems'stock?

Find the latest Varonis Systems, Inc. (VRNS) stock quote, history, news and other vital information to help you with your stock trading and investing.

How much money does Varonis make a year?

Apr 07, 2022 · Varonis Announces New Features to Slash Data Exposure in Microsoft 365. finance.yahoo.com - January 25 at 12:47 PM. Varonis Systems' (NASDAQ:VRNS) investors will be pleased with their impressive 268% return over the last five years. finance.yahoo.com - January 25 at 12:47 PM. Varonis Systems, Inc. Common Stock (VRNS)

When will Varonis report its Q4 earnings?

Oct 06, 2019 · Shares of Varonis Systems ( VRNS -1.31% ) dipped 12.5% in September, according to data from S&P Global Market Intelligence. It's not …

Is varonis a good investment?

Varonis Systems has received a consensus rating of Buy. The company's average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.

Will varonis Systems stock go up?

Stock Price Forecast The 20 analysts offering 12-month price forecasts for Varonis Systems Inc have a median target of 58.00, with a high estimate of 82.00 and a low estimate of 42.00. The median estimate represents a +21.67% increase from the last price of 47.67.

Is Vrns a good buy?

Out of 7 analysts, 0 (0%) are recommending VRNS as a Strong Buy, 5 (71.43%) are recommending VRNS as a Buy, 2 (28.57%) are recommending VRNS as a Hold, 0 (0%) are recommending VRNS as a Sell, and 0 (0%) are recommending VRNS as a Strong Sell.

Is varonis publicly traded?

Common Stock (VRNS)

How much is varonis?

Public pricing is unavailable for both products, though Varonis Datadvantage reportedly will run around $17,000, with its Data Classification Framework costing about $8,000 for 100 users. Support costs 20 percent of the purchase price, annually and is available 9-5 p.m., five days/week by email or phone.

Is varonis a good company to work for?

92% of employees at Varonis say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study.

What is varonis used for?

Varonis performs User Behavior Analytics (UBA) that identifies abnormal behavior from cyberattacks. Their software extracts metadata from an enterprise's IT infrastructure and uses this information to map relationships among employees, data objects, content, and usage.

What is varonis DatAdvantage?

DatAdvantage is the heart of the Varonis Data Security Platform. It maps who can access data, and more importantly, who does access data across file and email systems, thereby identifying where you are at risk.Feb 18, 2021

Slowing revenue growth and widening losses are concerning investors

Tim writes about technology and consumer goods stocks for The Motley Fool. He's a value investor at heart, doing his best to avoid hyped-up nonsense. Follow him on Twitter: Follow @TMFBargainBin

What happened

Shares of Varonis Systems ( NASDAQ:VRNS) slumped on Tuesday after the data security and analytics company reported disappointing second-quarter results. While Varonis' revenue was in line with expectations, the bottom line fell short of analyst estimates. The stock was down about 18.2% at 11:45 a.m. EDT.

So what

Varonis reported second-quarter revenue of $62.2 million, up 26% year over year, in line with the average analyst estimate. License revenue rose 23% to $33.5 million, while maintenance and services revenue jumped 30% to $28.7 million. The company added 227 new customers during the quarter, down from the 242 it added in the prior-year period.

Now what

With Varonis valued at roughly $2 billion before Tuesday's plunge, expectations were high. The stock traded for 7.5 times the midpoint of the company's full-year revenue guidance, a lofty valuation considering the slowing growth rate and persistent losses.

Varonis Announces Data Classification Cloud for Box and Google Drive

Data discovery and classification capabilities enhance Varonis' SaaS security solution, DatAdvantage CloudNEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announces Data Classification Cloud for Box and Google Drive.

Varonis and Multipoint Group Signs Distribution Agreement in MEA Market

Multipoint Group will work to expand Varonis' market presence based on Multipoint's UAE office and its channel networkDUBAI, United Arab Emirates, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc.

Varonis to Present at September Investor Conferences

NEW YORK, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced its participation at the following upcoming conferences: The Wolfe Inaugural TMT Conference, which will be held on September 8-9, 2021.

Is It Too Late To Consider Buying Varonis Systems, Inc. (NASDAQ:VRNS)?

While Varonis Systems, Inc. ( NASDAQ:VRNS ) might not be the most widely known stock at the moment, it received a lot...

Varonis Systems (VRNS) Reports Q2 Loss, Tops Revenue Estimates

Varonis (VRNS) delivered earnings and revenue surprises of 66.67% and 5.66%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Varonis Announces Second Quarter 2021 Financial Results

Total revenues grew 33% year-over-year to $88.4 million in Q2 2021Annual recurring revenues grew to $328.2 million, a 39% increase over second quarter 2020 NEW YORK, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc.

Varonis Achieves ISO 27701 Data Privacy Certification

Latest certification demonstrates Varonis' ongoing commitment to compliance and global data privacy standardsNEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc.

What happened

Shares of Varonis Systems ( NASDAQ:VRNS) dipped 12.5% in September, according to data from S&P Global Market Intelligence. It's not clear exactly what prompted the sell-off, but the stock's biggest decline in the month corresponded with the company's presentation at this year's Gartner Security & Risk Management Summit.

So what

Why Varonis stock experienced a sell-off last month is unclear, but the cybersecurity company's presentation at the Gartner event looks like a potential factor -- particularly because because the stock saw pronounced declines during and after the summit while the broader market gained ground.

Now what

Varonis stock has gained roughly 2% in October's trading so far -- movement that is roughly in line with gains made by the broader cybersecurity space. The company is expected to report third-quarter earnings early in November.

Molson falls flat

Shares of Molson Coors Brewing lost more than 9% after the beer maker reported its fourth-quarter financial results. Molson suffered a 1.5% drop in worldwide brand volume, but the company's adjusted earnings per share climbed more than 35% from year-earlier levels.

Xeris sells some shares

Xeris Pharmaceuticals saw its stock drop 21.5% following the specialty pharmaceutical company's announcement that it would do a secondary public offering of stock .

Varonis looks less secure

Finally, shares of Varonis sank nearly 14% . The data security and analytics specialist said that revenue grew 20% in the fourth quarter of 2018, but the pace of growth slowed from previous periods.

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Molson falls flat

Shares of Molson Coors Brewing lost more than 9% after the beer maker reported its fourth-quarter financial results. Molson suffered a 1.5% drop in worldwide brand volume, but the company's adjusted earnings per share climbed more than 35% from year-earlier levels.

Xeris sells some shares

Xeris Pharmaceuticals saw its stock drop 21.5% following the specialty pharmaceutical company's announcement that it would do a secondary public offering of stock. The registration statement governing the sale included 5 million shares in the offering, with an additional 750,000 share allotment offered to the underwriters of the secondary offering.

The company posted impressive recurring-revenue growth by providing important security products for an increasingly remote workforce

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What happened

Shares of cybersecurity company Varonis Systems ( NASDAQ:VRNS) were going up on Tuesday, after the company reported strong results for the second quarter of 2020. Total revenue was up 12% year over year, but the numbers look even better if you dig a little deeper.

So what

As already mentioned, total quarterly revenue for Varonis Systems increased 12% to $66.6 million. But like many technology companies, Varonis sells subscription services, and these take time to show up in results. Therefore, to provide color, companies break out a metric called annual recurring revenue (ARR).

Now what

Varonis management felt confident enough with current trends to provide third-quarter guidance. For Q3, it expects revenue of $68 million to $71 million, and a net loss per share between $0.11 and $0.14 on an adjusted basis.